Research Analyst

Global Value New York, New York


What we do:

First Eagle is an independent, privately owned investment management firm headquartered in New York with approximately $115 billion in assets under management (as of September 30, 2022). Throughout a heritage that dates to 1864, the firm has sought to generate attractive real returns for our clients over the long term. This tradition remains central to our mission today, guided by a set of core investment tenets that sustains our culture while also allowing philosophical autonomy among our talented portfolio management teams. First Eagle’s range of actively managed equity and equity-oriented, public and private credit, multi-asset and alternative strategies reflect our dedication to disciplined and unconventional thinking, a global perspective and the long-term alignment of interests.

 

What drives us:

At First Eagle, clients come first, always. To deliver on this commitment, we nurture an environment that attracts, develops, and retains a talented, inclusive workforce. We also aim to inspire each of our employees to do their life’s best work with us and for our clients. We have built a culture that promotes equity, diversity, and respect, and holds every member of the organization to the highest standards of integrity and accountability.

 

Who we are looking for:

The First Eagle Global Value team is seeking a Research Analyst to join our New York-based team. The Global Value Management team are “long only” investors that manage mutual funds, separate accounts and off-shore funds. The Global Value strategy seeks to deliver attractive real returns while preserving our investors’ capital over time by using a value approach to invest in global markets. The investment team follows a bottom-up, fundamental approach focusing on companies with quality businesses that they believe have above-average sustainable profitability while trading at a significant discount to their intrinsic values.

 

What you will do:

  • Perform detailed financial analysis and modeling in support of the portfolio managers
  • Conduct primary research
  • Analyze and understand business models through document driven analysis
  • Recast financial statements to focus on true economic earnings, margin of safety and intrinsic value
  • Attend investment meetings with senior management

 

The qualities you should have:

  • Undergraduate degree with 2-4 years of experience as an analyst in investment banking, private equity, sell-side or buyside. Pre-MBA
  • Superb analytical ability and attention to detail
  • Solid accounting capabilities and passion for digging through the documents
  • Strong modeling skills and a firm grasp of a variety of valuation methods
  • Investment style consistent with First Eagle’s approach, including long-term investment horizon, absolute return focus and aversion to permanent capital loss
  • High level of intellectual honesty, humility, and critical thinking capabilities
  • Contrarian mindset, willing to go beyond what management tells them and dig deeper
  • Demonstrated ability to effectively organize tasks, manage time, set priorities and deadlines
  • A collegial and collaborative team player who can partner with a wide range of investors, including all of the Global Value team’s equity-oriented sector analysts and portfolio managers
  • Excellent communication skills, with capacity to articulate investment insights to colleagues and clients alike
  • Self-starting, entrepreneurial and resourceful
  • Humility and patience are key

 

Base Salary range: $120,000 to $150,000.  In addition, this role is eligible for an annual incentive bonus. Compensation may vary based upon, but not limited to – the individual's skills, experience, qualifications, and internal equity.

 

We value our people and offer a broad range of benefits. We provide generous paid time-off, medical/dental/vision healthcare plans, 401(k) retirement and profit-sharing plans, a flexible/hybrid work environment, “dress for the day” flexible work attire, and many more great benefits.

 

First Eagle Investment Management, LLC (FEIM) is an Affirmative Action and Equal Opportunity Employer.  Equal Employment Opportunity has been, and will continue to be, a fundamental principle at FEIM, where employment is based upon personal capabilities and qualifications without regard to race, color, religious belief, including dress and grooming practices, sex, sexual orientation, gender identity, gender expression, age, national origin, marital status, citizenship, disability, veteran status, pregnancy, breastfeeding or medical conditions related to breastfeeding, status as a victim of domestic violence, sexual assault, or stalking, or any other basis protected by applicable federal, state or local law, genetic information or characteristics (or those of a family member), or any other protected characteristic as established by law.